Tuesday, May 17, 2011

New York Bank Corp, symbol NYB

          Some time ago I profile a regional bank with a good history of paying big dividends.  I am even on the trade and received the 6% income while I held it and now I am stopping it at $16.30.  Probably will get hit as the payout has increased to 90 percent of the earnings.  If regulations that apply to big banks are extended to regional banks, NYB may have to reduce the payout as I doubt they can increase earnings enough to meet the regulatory requirement of only a 30 percent payout.

         As an income investor I enjoyed the 6 percent income and got back my original investment.

Very Truly Yours,


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